US Market Buying Sentiment Continues to Improve, Coinbase Bitcoin Premium Index Positive for 14 Consecutive Days

robot
Abstract generation in progress

As of April 23, according to Coinglass data, the Coinbase Bitcoin Premium Index has been positive for 14 consecutive days, currently reported at 0.0378%. The buying sentiment in the US market continues to improve, after previously being in negative premium for 15 consecutive days. Note from BlockBeats: The Coinbase Bitcoin Premium Index measures the difference between the Bitcoin price on Coinbase (a leading US trading platform) and the global market average price. This index is an important indicator for observing the flow of funds in the US market, institutional investment enthusiasm, and changes in market sentiment. A positive premium indicates that the Coinbase price is higher than the global average, usually suggesting strong buying in the US market, active entry of institutional or compliant funds, ample dollar liquidity, and an optimistic investment sentiment. A negative premium indicates that the Coinbase price is lower than the global average, typically reflecting significant selling pressure in the US market, a decrease in investor risk appetite, heightened market risk aversion, or capital outflows.

BTC-0.6%
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pin